South Korea’s Hashed, the country’s largest cryptocurrency fund has announced it’s backing Nigeria’s SureRemit just weeks after it announced its ICO.
Hashed is an impact-focused cryptocurrency fund that has backed Airswap, Ethereum and Simple Token.
According to Samuel-Biyi ‘laolu, Director, SureRemit, “Hashed’s participation in the SureRemit project is not only a testament to the merits and potential impact of our mission, it also demonstrates the opportunities provided by blockchain and cryptocurrencies to connect and support people wherever they are across the world.”
“We’re also excited about Hashed’s participation. As we enter into the crowd-sale of the SureRemit ICO, we have enough courage and conviction to take the lead with the development of real-life applications for cryptocurrency in markets where the revolutionary instruments are needed the most to solve today’s biggest problems,” he added.
Hashed, Formerly, Blockchain Partners Korea (BPK), are on a mission to accelerate the global enablement of blockchain through community building and impact investing. They are conveners of #HashedLounge, whichintroduces global thought leaders and ground breaking project to Korea: giving investors and developers a chance to meet face to face.
In December, SureRemit launched a pre-sale ICO to raise money to launch its app and wallet to serve about 250m immigrants across the world. The firm said the new app will serve about 250m immigrants in the world who send over $600bn back home each year for them to buy food, clothing, medicine, school fees or utility bill payments among others.
The firm’s token sale event allows investors to contribute to SureRemit and receive RMT tokens which are not an equity representation of the company. SureRemit is selling 1 Billion RMT for a Token Sale Cap: $10 Million. 1 $RMT: $0.02 and the firm is accepting XLM, ETH, BTC, LTC, USD.
SureRemit’s main Crowd Sale is starting on January 10, 2018 running till February 10, 2018. 50% the tokens will be sold to public as part of token sale. 35% of the proceeds will be held in reserve by company in order to fund future transactional costs and to expand liquidity pool required for future growth and expansion while team and advisors will have 10% allocated to them.
The community will have 5% allocated to them for bounty programs, referrals and other initiatives to grow it.
The SureRemit App will have a wallet to connect a users’s wallet and access their RMT token in app. Allow users be able to pay in Utility bills directly for family and friends on SureRemit using their tokens. Users can also buy airtime across 550 operators in 135 countries with therr RMT tokens. The firm will also be giving users instant digital shopping vouchers for retail stores across the world.
SureRemit has over 500 redemption points across 3 countries with 100s of utility bills services across 25 countries and has partnered with reputable local offline/online merchants with inventory ranging from groceries to fashion, healthcare, and utility bills.
The firm has raised funding from 500 Startups, Greenhouse, Musha Ventures among others.